Currently, the world is owned by the concept of digital payments. People are going cashless and they are loving the digital payment apps. Everyone is using e-wallet mobile apps or online payment gateway models for the transaction. The reason is that these apps provide a secure, easy and fast environment for the transaction.

Looking back a decade ago, when people used to wait in the queue at ATM’s for deposition or withdrawal of money. People now use e-wallet mobile apps for easy transactions to avoid these types of conditions. Not only the users are adopting the technology of e-wallet but the business owners are also planning to get onto the surface with their own integrated gateway payment solutions.

So the concept of eWallet and other payment apps carried out by technologies like NFC, blockchain, QR codes, etc are going to own the market in upcoming years. So read the blog till the end if you want to know more about top eWallet solutions,  along with features and average cost.

Solutions & Technologies

There are various powerful technologies or solutions which are implemented on these eWallet applications.  These solutions make the app more secure, easy and reliable to users. The most common solutions used in eWallet Mobile Apps are:-

  • NFC

Near Field Communication or NFC is the best solution for convenient information sharing or transferring of funds. NFC allows you to transfer funds or share information by tapping the phone with the other devices. Nowadays almost every eWallet apps are using NFC solutions for contactless payment.

  • QR Codes

QR code payment gateway is basically used for making payments with friends, family or other people in a fast and reliable way. Users just have to scan the QR code of the receiver for making a successful transaction.

  • iBeacon & Bluetooth

iBeacon is a Bluetooth Low Energy(BLE) technology, which was launched by Apple with iOS 7 for iPhone and other Apple device users.  It is aa creative and different way to provide user location-based information and services. Beacons are cheap and small transmitter devices that transmit the signal to the apple decides which are in its range.

Similarly, Bluetooth also identifies nearby devices and makes the transaction fast and secure. These emerging technologies are used by almost every eWallet solution.

  • Payment Apps

Payment Apps are the best eWallet solution suitable for business. These apps help the business dealer to partner with other dealers helping them to transfer cash easily and effectively. Users can transfer a huge amount of money with a safe and secure environment without the involvement of any third party.

  • Blockchains

This technology is used in most of the eWallet apps as they provide a highly secure and immutable environment. The apps carried out by blockchains are mostly used by government organizations as they involve the transfer of huge money.

Growth of Mobile Application Business

Approximately four decades ago, no one imagined that the future money transaction will be much more secure and reliable. Earlier people have to wait in long ques at ATM’s. The business of eWallet changed the whole scenario of money transactions.

Basically, mobile payment refers to any transaction done with the help of mobile payment apps. Since almost 90% of people are using smartphones, several eWallet mobile apps have been developed to make people’s life more reliable and comfortable.

Architecture and must-have features

Unlike other mobile apps, eWallet Mobile Apps also have a basic architecture with user, merchant and admin panel. But the flexibility and the UI/UX are the basic and most important features for the app. There are some features that are common for both admin and user, but there are some features that are only available for either user or admin.

The User Panel

The user panel has most of the features of the app which makes the app flexible for the user. These features help the user to operate the app. Various features of the Admin Panel are:-

  • User Registration

Users can register or create an account with the help of their mobile number or they can directly login if they already have an account.

  • Linking Bank Account

Users can link their desired accounts to the app by providing the required information and details for making future transactions.

  • Add Money

After linking the bank account, users can add a specific amount of money directly from the bank into the app’s wallet according to their needs.

  • Checking Balance

Users can check the total remaining balance in the wallet after making a successful transaction and also the whole transaction history.

  • Transferring Money

The desired amount of money can be transferred to other users by providing account details of the receiver’s account, making the transaction more secure and fast.

  • Bill Payments & Recharge

Users can directly pay any bill through the app and in addition to this they can also do recharges of mobile, DTH, etc.

  • Booking Tickets

Now you can reserve your train, bus and flight ticket easily with the help of eWallet Apps just by entering trip details like date, time and destination.

Also users can avoid long waiting time in the queue by booking tickets of movies or other events directly by the app.

  • Bank to Bank Transfer

eWallet allows users to transfer or send money directly to the bank. Just by entering the account number details of the receiver, money can be directly transferred to the bank just with few taps.

  • Paying for Taxes or Insurance Fund

Now you can easily pay your insurance premium as well as income tax and sales tax with the help of these eWallet Apps.

  • Online Shopping for Grocery & Other Products

eWallet Apps are making the lives of humans more flexible and reliable by allowing them to shop for grocery and other products like electronic devices, apparel, household items, cars & bikes also.

  • Referrals and Promotions

Users can special earn gift cards, promotions and huge discounts on every transaction by referring the app to friends.

  • Order/Transaction History

This feature helps the user to keep a track or record of all the transactions made including bill payments, booking tickets or products purchased. It also shows the status of any current order placed by the user.

  • Exciting Offers

Since the competition is higher, you have to provide time to time discounts and offers if you want to attract more customers. Displaying these discounts under a separate category will attract more customers.

  • Rate and Feedback

It will allow users to give feedback and rate your app whether they are satisfied with your service or not. It will also help you to better your services based on the reviews.

  • Multi Language Support

Users can choose their preferred language according to them. Providing various language support apart from English and Hindi will help the user to use the app more easily and flexibly.

  • Help and Support

Providing 24×7 support to the users will help them if they face any problem related to payment or any other service. Providing virtual bot service will be more effective for better interaction with users.

The Vendor Panel

The broker or vendor is responsible for creating events, distributing products and keeping users informed with the latest offers and updates.

  • Dashboard

The vendor can track the profile of registered users and monitor their product choices to provide the best offers to users on the product.

  • QR Code

The vendor creates the QR code for various shops and users so that they can carry out the online transaction fast and easily.

  • Adding/Removing Products

The vendor can add a new product in the app or can delete any product from the app, which has bad reviews or feedback.

  • EMI Facility

Providing an EMI payment mode will help the users to afford the item they wish to buy.

  • Creating Events

Vendors can create time to time events and offers to attract users for paying online on orders by providing various discounts on online payments.

  • Offering Rewards

Offering rewards and gift cards to regular and active customers will make them excited about shopping more.

  • Festival/Seasonal Offers

Vendors can provide a huge discount and great deals on special occasions & festivals to customers, making it beneficial to utilize these deals.

  • Notification Alerts

Updating users for new offers, deals, discounts, new stock arrivals, and other services through push notification, email or SMS.


The Admin Panel

Admin manages all the operations of the app from handling user accounts, offers, keeping stats and insights of the app and providing new offers to users.

  • Admin Dashboard

Admin can view and manage the information of all the connected users and merchants, also he can keep a track of all the insights and stats of the app through the dashboard.

  • Manage Users/Vendors

Admin can monitor all the activities and information of users and vendors associated with the app.

  • Real-Time Analytics

Admin can keep a regular update of associated users, total transactions made, average app usability and most viewed offers. It will help the user to plan a further strategy for the app.

  • Add/Block Users

Admin has the right to add or block any user according to his behavior and unauthorized payment processes. If the user found indulged in violating app policy than admin can block the account of the user.

  • Extending Security

The main work of admin is to keep the app updated with the latest security feature. Providing robust security without any compromise and reviewing security tools time to time is the main concern of admin. The confidential data of users must remain secure.

Additional Features Wallet App Development

Apart from these basic features, there are some additional features that will make your app more reliable and flexible to the user.

  • QR Code Reader

Users can scan the QR code of the receiver to make the transaction fast and easy. This technology is very convenient and most used among the users.

  • Virtual Cards

Users can easily create a virtual card like their usual credit/debit card. These virtual cards allow users to carry out transactions easily without entering the details every time.

  • In-App Camera

This built-in feature will allow users to scan the QR code easily. Also, users can transfer the transaction receipt to another user. Due to this all transactions are confirmed, to validate the transaction request instantly.

  • Wearable Integration

By connecting the app to smart devices like smartwatches, users can easily monitor all the transactions from the watch.

  • Digital Receipts

Generating digital receipts of all the transactions and allowing users to share these receipts with an app or by email, SMS.

Bank’s Terms & Conditions

Before developing an eWallet App you must have enough knowledge of banking rules and regulation of online transactions. Since you are developing an eWallet app, you are executing as a bank. You must have to read all the terms and conditions according to the rules of the government. You also have to provide some security documents to the government as per guidelines. The most important thing is that your app must not contain any illegal functionality.

Technologies Used in Developing e-wallet App

Technology Functionality
Bandwidth, Twilio For Push Notifications
Nexmo For SMS, Voice and Phone Verification
Google Pay & PayPal For accepting payments
GWT For Powerful Programming
Datastax For Data Management
Mandrill  For everything related to emails
ZBar bar code reader For scanning the QR code
Debian The Universal Operating System
Database MongoDB, MySQL
AWS Cloud Environment
Hadoop, Spark, Cisco, IBM Real Time Analytics


Average Cost of Developing an eWallet App & Website

Since apps and websites are two different things, the cost of developing a website is much less than application development. The functionality of an app is exactly not the same as a website, features of the app are much richer as compared to the website.

cost of eWallet App Development

The development of the app basically depends on the total number of employees and time needed. The cost of employees per hour different in various companies. Companies in Australia charge approx. $190 per hour, in Europe it is $130 per hour and the price in North America is approx. $150 per hour.

Our company has a team of experienced developers, with a cost of approx. $50-$80 per hour we can develop an eWallet app with all the mentioned features.

Cost Of eWallet Website Development 

Since the features of a website are not as rich as the app, the development of an eWallet website requires less time and few employees. The cost is also very less as compared to the app. We can provide you a pre-built website like Paytm with all the basic and required feature within cost around $30,000 to $40,000.